Bank check fraud is a serious problem that continues to plague the banking industry. The leading causes of bank check fraud today are counterfeiting, altered checks, forgery, and stolen checks. Counterfeiting involves creating a replica of a legitimate check and altering the information on it, such as the payee or the amount. Altered checks involve changing the information on a legitimate check, such as the payee or the amount. Forgery involves signing someone else's name on a check without their permission. Stolen checks involve stealing checks from mailboxes or other locations and using them to make purchases or cash them. All of these methods of bank check fraud can be prevented through the use of anti-fraud measures that are contained in our Series 7000 Fraud Detection and Avoidance Software.

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Click on this link for a 6 minute overview of the software:

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https://youtu.be/7tqDUfolZT4

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Our newest Series 7000 Check Fraud Avoidance System is fully automated to alert you to potential check  fraud. The system Is based upon standard Vector 5 and 12 (SQN) processes and can be easily installed in your institution. Series 7000 is based on  nearly a decade of experience processing over one trillion dollars of checks annually at a leading money center bank.

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The new Series 7000 has all the proven fraud detection and avoidance capabilities of our original Series 5000 plus it has an improved Signature Recognition engine, a new module to check the handwriting characteristics of the payee line, and captures signatures automatically from the check images. This means you can install Series 7000 and be up and running within weeks of contract signing.

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The Series 7000 is simple to install and will save your institution money through manpower reduction and reduced potential fraud losses.

Banks are losing BILLIONS due to check fraud, and you can prevent a lot of this with our software.

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Check fraud increased last year by 175%. The Wall Street Journal reports over 6000 checks per month are stolen. Thieves are selling these items on the dark web!

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If that’s not bad enough, your workloads are increasing due to this problem, so profit margins are dropping.

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Our software is an upgraded version of our traditional Fraud Detection and Prevention Software PROVEN in large banks for nearly a decade. This stuff works and it probably is compatible with your present systems, so its easy to install. Check out the above video for details.

Please CONTACT US for details of this new and very sophisticated tool.